Yes! it just got confirmed and guess what? is sooo effing lame
from the artcile: "For Nicktoons, the interpretation translates into a teen Iron Man, a superhero closer in age to the network's young viewers."

Really the 90's are the golden age for super hero animation, in 2000's every body is trying to make superheors teenagers, i was really hoping that this cartoon will be a good one and was looking forward to it well not anymore!